We are monitoring the impact of COVID-19 on ePharmacy Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 9021
Share on
Share on

Global ePharmacy Market Size, Share, Trends, Growth, COVID-19 Analysis Report - Segmented By Drug Type (Prescription Drugs & Over the Counter Drugs), Product Type and Region - Industry Forecast (2021 to 2026)

Pulished: April, 2021
ID: 9021
Pages: 120

Global ePharmacy Market Size (2021 to 2026)

As per our report, the global ePharmacy Market (Online Pharmacy Market) size is estimated to grow USD 107.5 billion by 2026 from USD 49.43 billion in 2021, growing at a CAGR of 16.81% between 2021 to 2026. Increasing the prevalence of the internet of things worldwide and the growing use of smartphones and tablets are the key factors driving the global online pharmacy market demand.

An ePharmacy is an online pharmacy that operates on the Internet and provides medicines to consumers through mail or shipping companies. ePharmacy is also known as an online pharmacy, internet pharmacy, and mail-order pharmacy. In recent times, one of the progressive technologies in the Healthcare industry is Telemedicine, which has provided a way for people to get access to healthcare advice through IT. Many technological advances help increase price transparency, raise awareness, find appropriate health service providers, reminders of medicines, and alerts to pregnancy for consumers. Like telemedicine, ePharmacy is another technological innovation that has turned into a problem solver for the delivery of contactless medicine during the pandemic days and now. The demand for ePharmacy has significantly increased in recent times and forecasted the steak would continue during the forecast period.

COVID-19 impact on the ePharmacy market:

Online Pharmacy will be the next huge innovation that will impact billions of lives and make a healthy behavioral change safer and more convenient tomorrow. It is one of the technological innovations that has positioned itself as an attractive model in the online healthcare sector, which is expected to generate huge demand in the future.

The online pharmacy sector is experiencing healthy growth during the Covid-19 pandemic, boosted by lockdown restrictions, and social distancing is a driving factor for over-the-counter and prescription drug purchases over the Internet. A report by global professional services firm EY shows that India's potential e-pharmacies market will rise to $18.1 billion (Dh66.4 billion) by 2023 compared to $9.3 billion in 2019. According to Adobe’s analysis, 200% increase in Google Search volumes for COVID-19 related health products.

MARKET DRIVERS:

high unmet needs in emerging economies and growing penetration of e-commerce worldwide are majorly accelerating the global online pharmacy market growth.

The growth of the ePharmacy market is capable of rising in the number of Internet consumers, increased access to web-based and online services, and an increase in the implementation of e-prescriptions in hospitals and other healthcare services.

The growing scope of e-commerce has made it easy for e-Pharmacy to capture a large customer base in developed and developing countries of the world. This generation relies heavily on the online supply of products such as cosmetics and medicines without a prescription. There are also various startups worldwide due to the advent of new information technologies and algorithms that provide a better experience and consumer satisfaction. It is believed that new technologies based on artificial intelligence will ensure better customer satisfaction in the market. All of these factors are escalating the growth of the global ePharmacy market.

Rising incidences of chronic diseases and increasing awareness over online pharmacies are to surge growth opportunities for the global ePharmacy market. Furthermore, the market is propelled by the implementation of e-prescription, which is an easy and convenient process in pharmaceutical companies.

Government agencies' efforts to reach regulatory agreements and ethical practices in the field of e-pharmacy in some major dynamic regional markets are expected to open lucrative business opportunities for the companies operating in the global ePharmacy market.

MARKET RESTRAINTS:

However, the rise in fraud activities is slightly restraining the demand of the ePharmacy market. Security and privacy concerns among people have remained a challenging factor for the Online Pharmacy market.

There are strict regulations for the sale of prescription drugs through online channels. Sales of prescription drugs through the electronics industry in North America and Europe are highly regulated. Companies must comply with various rules that could impact ePharmacy Market development in these areas. Besides, not all countries in the world have legalized the sale of prescription drugs through websites. It is believed that factors such as the unregulated sale of prescription drugs that could lead to online drug bans will lead to lower revenue in the world ePharmacy Market. Possible confidentiality, improper packaging, failure to verify drug interactions are other significant challenges that can slow the growth of the online pharmacy market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Analysed

By Drug Type, Product Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Companies Analysed

Lloyds Pharmacy Ltd., Planter, CVS HealthCanada DrugsMedicateExpress Scripts Holding CompanySecure Medical Inc., Walmart Stores Inc., Sani care AB, Walgreen Co., The Kroger Co., Doctors, Rowlands Pharmacy, Giant Eagle Inc., and Optus Rx Inc.

 

This research report on the global ePharmacy market has been segmented and sub-segmented based on the drug type, product type, and region.

ePharmacy Market - By Drug Type:

Based on drug type, the OTC drugs segment witnessed the most significant shares of the market. The rise in the demand for electronic devices rather than traditional techniques is mainly fuelling the growth of the ePharmacy market.

Over the counter market, the segment has the most significant growth in the e-pharmacy market since the beginning due to its reliability, lack of prescription, and convenience for the consumer to purchase it. Authorized agencies regulate the OTC drugs to provide a better substitute for the drug. It contains the same active pharmaceutical ingredients considering safety and efficacy when administrated without a physician consultant. The OTC drug counter has the available number of general conventional disease medicine types, which consumers quickly take. The OTC segment had the fastest e-pharmacy market growth in 2019. However, the prescription segment is also increasing significantly due to the rise in online prescription demand.

ePharmacy Market - By Product Type:

  • Skin Care
  • Dental
  • Cold And Flu
  • Vitamins
  • Weight Loss
  • Others

The Skincare segment is ruling with the highest shares of the ePharmacy market based on product type, increasing concern towards the beauty conscious. Skincare and nutrition segments are more lucrative segments than others. Nutrition such as vitamins and body gain and loss powder influencing the e-pharmacies market in recent years. Also, the female has an enormous demand for skincare products through e-pharmacies.

ePharmacy Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, North America accounted for dominant shares of the global ePharmacy market owing to the emergence of software technology in the medical sector. North America has the largest e-pharmacy market globally due to the high adoption of e-commerce, a rising online platform for purchasing products, and rapid population growth, which is the crucial factor that fuels the global e-pharmacy Market. There are prominent vital players and developments in pharmaceutical and other life sciences industries that demand the e-pharmacies market. The U.S. is the largest segment for the e-pharmacies market due to awareness of health and wellness and rising chronic diseases. A reliable internet connection, more number of geriatric patients, and a more developed information technology structure will help the market grow in the United States. Recently, the food and drug administration (FDA) has provided more information about e-pharmacy to citizens, significantly influencing the market towards the growth side. Europe's e-pharmacy market is regulated by strict regulations government; even so, the growth of the e-pharmacy market is moderate in this country.

The Asia Pacific is the second-highest in leading the demand of the market. Asia-pacific is expected to reach the highest market share in the coming years due to the presence of large patients and rising population. China and India are the substantial population countries with the presence of prominent key players that accelerate the demand for an epharmacy product in the global market. Changing regulations in the various countries and the rising interest of international players in these markets with the new implementation and rapid penetration of web cloud-based technology will foresee the growth of the e-pharmacy market everywhere.

Europe is registered in having the fastest growth rate from recent years and also to hit the highest CAGR in the coming years. Increasing support from the I.T. sector and adopting cloud-based technology in every application is lavishing the demand of the ePharmacy market. The Middle East and Africa are to have prominent shares shortly.

KEY MARKET PARTICIPANTS:

Some of the notable companies playing a crucial role in the global ePharmacy market profiled in this report are CVS Health, Walmart Stores, Inc., Walgreen Co., The Kroger Co., Rite Aid Corp, Lloyds Pharmacy Ltd., Planter, Canada Drugs, Medicate, Express Scripts Holding Company, Secure Medical Inc., Sani care A.B., Doctors Rowlands Pharmacy, Giant Eagle, Inc. AND Optus Rx, Inc.

Recent Developments in the ePharmacy Industry:

  • In March 2019, in India, the National Association of Boards of Pharmacy (NABP) had certified 1mg with LegitScript. It is the first company in India to get this certificate.
  • In January 2019, a Swedish online pharmacy company focused on expanding its business across Europe by funding USD 5.5 million. It is to increase its portfolio in the online pharmacy market.
  • In November 2016, the Hyperlocal drugs delivery app was acquired by Netmeds Marketplace, where it delivered an application named Pluss for an undisclosed amount.
  • In June 2015, the acquisition between the Rite Aid Corp and Envision Rx Options had made many developments in the ePharmay industry. Mail-order pharmacies, along with prescription medicines, are provided due to this acquisition. Rite Aid Corp has entered into the Online Pharmacy Market with this acquisition and leading with the most significant shares.
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Drug Type
      1. prescription drugs
      2. over the counter drugs
      3. Y-o-Y Growth Analysis, By Drug Type
      4. Market Attractiveness Analysis, By Drug Type
      5. Market Share Analysis, By Drug Type
    2. By Product Type
      1. skin care
      2. dental
      3. cold and flu
      4. vitamins
      5. weight loss
      6. others
      7. Y-o-Y Growth Analysis, By Product Type
      8. Market Attractiveness Analysis, By Product Type
      9. Market Share Analysis, By Product Type
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
      5. Market Share Analysis      
        1. By Geographical Area
        2. By Drug Type
        3. By Product Type
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Lloyds Pharmacy Ltd.
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Planter
    3. CVS Health
    4. Canada Drugs
    5. Medicate
    6. Express Scripts Holding Company
    7. Secure Medical Inc.
    8. Walmart Stores Inc.
    9. com Inc.
    10. Sani care AB
    11. Walgreen Co.
    12. The Kroger Co.
    13. Doctors Rowlands Pharmacy
    14. Giant Eagle Inc.
    15. Optus Rx Inc.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global ePharmacy/Online Pharmacy Market, By Region, From 2021 to 2026 (USD Billion)
  2. Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  3. Global Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  4. Global Dental Market, By Region, From 2021 to 2026 (USD Billion)
  5. Global Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  6. Global Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  7. Global Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  8. Global Others Market, By Region, From 2021 to 2026 (USD Billion)
  9. North America Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  10. North America Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Dental Market, By Region, From 2021 to 2026 (USD Billion)
  12. North America Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  14. North America Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  15. North America Others Market, By Region, From 2021 to 2026 (USD Billion)
  16. United States Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  17. Canada Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  18. Europe Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  19. Europe Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  20. Europe Dental Market, By Region, From 2021 to 2026 (USD Billion)
  21. Europe Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  22. Europe Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  23. Europe Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  24. Europe Others Market, By Region, From 2021 to 2026 (USD Billion)
  25. U.K. Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  26. Germany Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  27. France Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  28. Italy Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  29. Spain Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  30. Asia Pacific Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  31. Asia Pacific Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  32. Asia Pacific Dental Market, By Region, From 2021 to 2026 (USD Billion)
  33. Asia Pacific Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  34. Asia Pacific Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  35. Asia Pacific Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  36. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  37. Japan Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  38. China Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  39. India Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  40. Australia Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  41. South Korea Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  42. Latin America Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  43. Latin America Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  44. Latin America Dental Market, By Region, From 2021 to 2026 (USD Billion)
  45. Latin America Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  46. Latin America Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  47. Latin America Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  48. Latin America Others Market, By Region, From 2021 to 2026 (USD Billion)
  49. Brazil Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  50. Argentina Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  51. Mexico Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  52. Rest of Latin America Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  53. Middle East and Africa Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  54. Middle East and Africa Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  55. Middle East and Africa Dental Market, By Region, From 2021 to 2026 (USD Billion)
  56. The Middle East and Africa Cold And Flu Market, By Region, From 2021 to 2026 (USD Billion)
  57. The Middle East and Africa Vitamins Market, By Region, From 2021 to 2026 (USD Billion)
  58. The Middle East and Africa Weight Loss Market, By Region, From 2021 to 2026 (USD Billion)
  59. The Middle East and Africa Others Market, By Region, From 2021 to 2026 (USD Billion)
  60. Middle East Global ePharmacy/Online Pharmacy Market, By Product, From 2021 to 2026 (USD Billion)
  61. Africa Global ePharmacy/Online Pharmacy Market, By Product, From 2020 to 2025 ( USD Million

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample